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    Tax · Free tool

    Depreciation Calculator

    Calculate an annual depreciation schedule for an asset using straight-line or double-declining balance.

    Tax forms, calculator, and dollar bills illustration
    100% free, no signup
    Aligned with IRS guidance
    Instant results in-browser
    Reviewed by real accountants
    The Calculator

    Run the numbers

    $
    $
    YearExpenseBook value
    1$3,600.00 6,400.00
    2$3,600.00 2,800.00
    3$3,600.00$9,200.00
    4$3,600.00$5,600.00
    5$3,600.00$2,000.00

    How it works

    Depreciation spreads an asset's cost across the years it produces revenue. Straight-line divides evenly across useful life. Double-declining front-loads expense, better for assets that lose value fast.

    The IRS uses MACRS with prescribed recovery periods (5-year for cars/computers, 7-year for office equipment, 27.5-year for rental property). Book depreciation for GAAP can differ from tax depreciation.

    Examples

    $20k truck, 5-year life, no salvage

    Straight-line = $4k/year. Double-declining = $8k year 1, tapering after.

    $5k laptop, 3-year life

    Section 179 usually beats straight-line, take the full $5k in year 1.

    Frequently asked questions

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